Kevin Leung, Chief Underwriting Officer, Asia-Pacific, said:...
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Lloyd’s of London receives license to set up operations in India’s GIFT-IFSC
Two of Lloyd's Syndicates, Syndicate 2047 set up by Bobby Swarup'...
Victor Kuk to succeed Franz-Josef Hahn as Peak Re’s new CEO
Victor Kuk, CEO, designate, Peak Re Kuk, who will be taking over...
MobiKwik fraud triggers demand for deeper probe into fintech platforms
Industry experts said the MobiKwik case is not an isolated one. In August, Policybazaar Insurance Brokers Private Limited also lodged a complaint with Gurugram Police after fraudsters impersonated its employees, forged documents, and misused the company’s ID cards and...
Boeing, Honeywell sued by Air India crash victim families
The lawsuit filed on Tuesday in Delaware Superior Court blames Boeing and Honeywell , which made the switches, for the crash seconds after Flight 171 took off for London from the Indian city of Ahmedabad. The families of four passengers killed in the June 12 crash of...
Insurers lose bid to appeal London judgment over jets lost in Russia
The decision marks another milestone in one of the largest lawsuits to be heard in London, which has become a bellwether for similar cases fought in other jurisdictions, such as the United States, and triggered a battle in London between all risks and war risks...
Irdai chairman Ajay Seth launches Bima Sugam website
``The launch of the website today is an important milestone, and I am confident that with collective industry commitment, the vision of 'Insurance for All by 2047' — as part of the Prime Minister's mission of Viksit Bharat 2047 — will become a reality. Ajay...
Sebi to engage with govt to allow banks, pensions funds to invest in non-agri commodity derivatives
"We will also engage with the government to consider banks, insurance companies and pension funds to trade in these (non-cash, non-agricultural) markets," chairman Tuhin Kanta Pandey said Mumbai:Sebi will "engage" with the government to allow banks, insurance...
Bajaj General Insurance wins Rs 374 crore PMFBY claim case against Maha Govt in Bombay HC
In its verdict, the Bombay High Court dismissed the Maharashtra government's plea by saying ."The data provided by the State itself shows that in case of all the 42 circles of Osmanabad concerning the notified crop Soybean, there was no actual loss suffered. This was...
Allianz Trade in Asia Pacific appoints Hassan Omaish as CEO for Hong Kong Hub
Allianz Trade in Asia Pacific has appointed Hassan Omaish to the role of CEO for Hong Kong, South Korea and Taiwan (collectively Hong Kong Hub) with effect from 1 October 2025. He will succeed Edmond Lee who is retiring after spending 12 years with the company. Omaish...
US calls on G7, EU to impose tariffs on China, India over Russian oil purchases
A U.S. Treasury spokesperson called on G7 and European Union allies to impose "meaningful tariffs" on goods from China and India to pressure them to halt their purchases of Russian oil WASHINGTON: Group of Seven nations' finance ministers discussed in a call on Friday...
General insurers’ body asks AHPI to withdraw its warning against Star Health and ensure uninterrupted cashless services
AHPI has proceeded with its unilateral action, signalling a preference for disruption over collaboration to improve customer service and protect patient interests, alleged the GI Council Mumbai: General Insurance Council(GI Council), the official representative body...
“Initial payouts not sufficient,” claims Mike Andrews, US lawyer for Air India 171 crash victims
Asked about initial payments being offered by Air India to the families, Andrews dismissed them as insufficient. "No, that payment is not going to be sufficient over the rest of their lives," Mike Andrews, a lawyer based in Montgomery, Alabama said The lead US...